Markets· ★★★· bearish·

XRP Falls to $1.44 as Long Liquidations Outweigh Shorts 22-Fold

  • —Total crypto liquidations reached $607.18 million, with $541.14 million in longs and $66.22 million in shorts
  • —XRP fell 3.48% to $1.44 over 24 hours
  • —XRP long liquidations hit $11.96 million versus $540,210 in shorts
  • —Ethereum, Dogecoin, Cardano, Uniswap and Shiba Inu lost between 6% and 11%
Why it matters: The liquidation imbalance shows the market was heavily positioned long before the selloff, raising the risk of further downside if Fed minutes disappoint.
#XRP#BTC#ETH
Source: U.Today
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